Kenmare Resources (CDI) (KMR): Profit warning
This situation live
KMR Kenmare Resources (CDI)
16 Jul 2026 · below expectations · +1% on the day · +8% until the next step
Shipments continued to be in line with the run rate of annual guidance, although production was lower than expected due to ongoing challenges with the commissioning of Wet Concentrator Plant (WCP) A f
19 Aug 2026 · profit warning · +7% on the day · +12% until the next step
Excavated ore volumes were also down 10% YoY due to the slower than expected commissioning of WCP A and the temporary stoppage of dry mining at WCP B for most of Q2.
15 Oct 2026 · profit warning · fourth in 12 months · −3% since
We also expect 2026 shipments to be slightly lower than guidance at approximately 1.05 million tonnes.
Profit warning
profit warning · fourth in 12 months
Directionbelow expectations / warning
Reaction on the day+3%
In 12 months5 statements in the same direction
Company's wordsWe also expect 2026 shipments to be slightly lower than guidance at approximately 1.05 million tonnes. ↗
As of 15 Oct 2026 ↗
Since Oct 2023: 659 situations of this kind; median share price +2% six months after they opened
Every step · 3
- 16 Jul 2026 below expectations · +1% on the day – Shipments continued to be in line with the run rate of annual guidance, although production was lower than expected due to ongoing challenges with the... ↗
- 19 Aug 2026 profit warning · +7% on the day – Excavated ore volumes were also down 10% YoY due to the slower than expected commissioning of WCP A and the temporary stoppage of dry mining at WCP B for most of Q2. ↗
- 15 Oct 2026 profit warning · fourth in 12 months – We also expect 2026 shipments to be slightly lower than guidance at approximately 1.05 million tonnes. ↗
What is happening
Kenmare Resources (CDI): Profit warning – profit warning · fourth in 12 months. ['profit warning · fourth in 12 months']
- In short
- Kenmare Resources issued a profit warning on 15 Oct 2026; the shares moved +3% on the day. It is the fourth such statement in 12 months.
- Announced
- 16 Jul 2026 · below expectations · +1% on the day
- Latest
- 15 Oct 2026 · profit warning · +3% on the day
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Also at Kenmare Resources (CDI) 3 open
Legal & regulatoryMoma Implementation Agreement extension – Media reports unconfirmed by Government
Takeover targetPossible offer – approach
Project milestonesWCP A upgrade and Nataka transition – Throughput improving; nameplate pushed to H1 2027
Balance-sheet stress / refinancingRCF covenant amendment talks – RCF upsized and covenants adjusted · closed
Upgrade / downgrade cycleProfit warning – profit warning · second in 12 months · closed
Kenmare Resources (CDI) – company page →